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DB Corp Reports Rs 2.57 Cr Digital Revenues For Q1-FY14; Rs 3.21 Cr Loss

It looks like the Internet segment has finally become important enough for DB Corp, the publishers of newspaper dailies Dainik Bhaskar, Divya Bhaskar, Saurashtra Samachar and Dainik Divya Marathi, to separate it out in its financials. The company has posted Internet revenues of Rs 2.57 crore for the quarter ending June 30, 2013 (Q1-FY14), up 17.4% from Rs 2.19 crore in the same quarter last year and up 29.8% from Rs 1.98 crore sequentially. The loss before tax for the Internet segment was at Rs 3.21 crore, a significant 49.3% increase from Rs 2.15 crore loss in the same quarter last year but a 5% improvement from Rs 3.38 crore loss in the previous quarter. DB Corp currently operates group portals like dainikbhaskar.com, divyabhaskar.com, dailybhaskar.com, divyamarathi.com and mobile properties like 54567 which allows users to send messages consisting of images, audio, text and video. The company claims that its group portals generated a cumulative 339 million total pageviews, of which Dainik Bhaskar apparently accounted for 217 million pageviews and Divya Bhaskar apparently accounted for 103 million pageviews. Demerger of Internet Business: Earlier this month, DB Corp had proposed the demerger of its integrated Internet and Mobile Interactive services business from its digital arm I Media Corp Ltd (IMCL) to the holding company DB Corp with effect from April 1, 2013. The company had informed that it had started the process of obtaining all the approvals and the demerger was expected to be completed in 2013-2014. Prior to this, DB Corp also sold its entire 51% stake in Divya Prabhat…

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